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The Latest Breaking News from IEEFA

US legal troubles for tycoon Adani expose shortcomings in India's booming solar sector

A U.S. corruption case involving Indian energy tycoon Gautam Adani has exposed vulnerabilities in India's solar sector that are hindering its capacity to switch to clean energy and help limit climate change

The Independent UK

Europe’s seaborne imports of gas fall by fifth to lowest since 2021, report finds

UK records 47% annual drop as governments aim to replace fossil fuels but also spend billions on new LNG terminals

The Guardian - UK

Peter Dutton has failed to address the extremely high cost of nuclear – but it can only increase power bills

The Coalition has sought to downplay high construction costs overseas. Our research shows what it would mean for Australia

The Guardian - AU

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Coalition’s nuclear plan will add $665 a year to average power bill, report warns

Opposition disputes costings in study and accuses authors of cherrypicking ‘worst-case scenario projects’ from around the world

The Guardian - AU

French imports of Russian LNG surge, but Ukraine supporters seek a stop

Shipments of Russian liquified natural gas (LNG) to France more than doubled the first half of this year, fresh analyses of trade data shows. It comes as Europe seeks to pull back from energy purchases that help finance the Kremlin's invasion of Ukraine.

Radio France Internationale

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

The Independent UK

Gujarat and Karnataka lead the progress to clean energy transition: IEEFA report

Karnataka and Gujarat showcased their leadership in the progress toward the clean energy transition. Read further on Dynamite News:

Dynamite News

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World’s largest oil companies have made $281bn profit since invasion of Ukraine

Global Witness says the five ‘super-majors’ are the ‘main winners of the war’ while many struggle to heat their homes

The Guardian - UK

The Centre’s big push for residential rooftop solar plans | Explained

Check out The Hindu explainer on the Centre’s big push for residential rooftop solar plan.

The Hindu

'Even more confident' Eraring will close in 2025: new energy report

Climate Energy Finance report argues that Eraring Power Station should close in 2025

Newcastle Herald

Big five oil companies to reward shareholders with record payouts

BP, Shell, Chevron, ExxonMobil and TotalEnergies to distribute more than $100bn despite public outrage

The Guardian - UK

No space for Eraring, new report says coal plant won't be needed post 2025

Analysis says renewables will fill the gap left by the closure of Eraring.

Newcastle Herald

Call to curtail 'supernormal profits' in energy network

The regulator has rejected an accusation that electricity networks are generating "supernormal profits" off the use of poles and wires and stoking inflation.

AAP

Rio, BHP warned of investor pressure on steel emissions

Australia's largest diversified miners are being urged to come clean on the greenhouse gas emissions pumped into the atmosphere by the world's steelmakers.

AAP

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AAP

India's furnaces not the answer for Aussie coal exports

A report has found India will reduce its dependence on Aussie coal in steel furnaces as the price of green hydrogen comes down and carbon penalties go up.

The Guardian - UK

Why carbon capture and storage will not solve the climate crisis any time soon

Announcing new oil and gas licences along with carbon capture projects is like giving cigarettes to someone trying to quit smoking

Dynamite News

NTPC can acquire stranded thermal power plants rather investing in new projects, says IEEFA

According to the Institute for Energy Economics and Financial Analysis (IEEFA), acquiring and reviving stranded thermal power plants is a better option for all stakeholders, including NTPC. Must read further on Dynamite News:

ABC News

Italian energy company Eni to develop Evans Shoal gas field described as 'carbon bomb'

Energy company Eni has quietly revived plans to develop a gas field in the Timor Sea which contains some of the most carbon-intensive gas in Australia, "far more than any other gas field that is being developed".

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Al Jazeera

Bangladesh in hot seat over Adani’s power deal

Bangladesh’s opposition has jumped on the recent controversy over the Indian tycoon to demand cancelling the power deal.

Newcastle Herald

Coal in a pincer-grip: the world needs energy, but climate concerns grow by the day

Coal: the planetary Jekyll and Hyde

Newcastle Herald

IEEFA says record high coal prices will accelerate demise of coal industry

High coal prices a 'two-edged sword' say industry critics

The National (Scotland)

UK Government snubs north-east carbon capture project meeting bid

The team behind the project asked local MPs to push for a meeting with Chancellor Nadhim Zahawi - but were rejected

The Guardian - UK

Carbon capture is not a solution to net zero emissions plans, report says

The technology, put forward as part of the UK’s net zero strategy, could extend the life of fossil fuel infrastructure

ABC News

After a turbulent week, what's next in Australia's east coast power crisis? And what's happening with the blackout threat?

Australia's energy operator made a massive move on Wednesday, and that's keeping blackouts at bay — for now. So how did we get here? And what's coming next?

ABC News

Will long-term boost to energy capacity stop exit from coal? Debate is red hot

One of Australia's most experienced energy advisers has downplayed concerns that a plan by state and federal energy ministers to overhaul the electricity market could prolong the coal-fired power industry.

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